Unisys Reports Quarterly Net Loss,
But Maintains Long-Term Optimism

BLUE BELL, Pa. -- Unisys Corp. reported a fourth-quarter net loss on declining revenue but reiterated it expects sharp improvement in the second half of the current year.

Unisys said its fourth-quarter loss, including a $204 million after-tax charge for the previously announced elimination of 3,750 workers, was $169.4 million or 53 cents a share. A year ago, Unisys reported net income of $39.1 million or 12 cents a share.